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despite his intention to resign ahead of time. What happens after the election, however, kept markets on edge, sending stocks and bonds plunging. Monti announced Saturday he is resigning early because Silvio Berlusconi's party, Parliament's largest, yanked its support for his economic policies. The same day, Berlusconi said he was running to get the premiership back, despite his party's lagging in the opinion polls. Italian markets slumped as investors feared a new era of political instability. Some worry that a return to party politics under an elected government could threaten the reforms that Monti has been pushing through to restore confidence in the country's financial future. From Oslo, Norway, where he was attending the Nobel Peace Prize award to the EU, Monti said Monday that the financial market drops in Italy "shouldn't be dramatized." He also said he was "fully confident" that the next government will be "highly responsible" and "in line" with policies needed for the good of Italy's economy and the European Union in a wider context, http://teamgod.net/members/xdfgttfgtu - http://teamgod.net/members/xdfgttfgtu . Monti was tapped by Italy's president to lead the country in late November 2011 after Berlusconi resigned, having lost the confidence of international markets in his ability to save the country from a Greek-style debt crisis. Monti, a respected economist and former European Union commissioner, won back a degree of international credibility for the country through a series of tax hikes and fiscal reforms that were deeply unpopular at home, http://www.cheaptomsshoessalei.com - cheap toms shoes . He will step down as soon as Parliament passes the 2013 budget law later this month. His term was due to end by April, and his resignation would move up elections by about two months. Led by plunging bank shares, Italy's main stock index, the FTSE MIB, http://bbs.299.com.cn/ - http://bbs.299.com.cn/ , closed 2.2 percent lower. The interest rate on the 10-year government bond an indicator of how risky investors consider a country's ability to pay its debt rose 0.28 percentage points to 4.75 percent. While that rate is manageable, and still well below the 6, http://www.tomsoutletsalecheap.com - cheap toms .4 percent high hit in July, the daily rise was worryingly sharp. "The markets must not fear a decision-making vacuum," Monti said, http://www.cheaptomsshoessalei.com - toms outlet , noting that the government will continue running the country even after the Parliament is dissolved ahead of the new elections. "The government is in charge in all its powers, http://www.gunpeng.com/forum.php?mod=viewthread&tid=387609 - http://www.gunpeng.com/forum.php?mod=viewthread&tid=387609 ," he said. Asked if he would run in the elections, Monti indicated he didn't want any electoral campaign to distract him from his government's task of restoring Italy's finances and economy back to health. "I am not considering this question in this phase. All my efforts are now concentrating on completing the remaining time for this government. It seems to be that the time is limited enough to require intense application of mind and energy," Monti said. Explaining his decision to leave before his term was up, Monti said it was impossible to continue after Berlusconi's forces withdrew support for his economic policies. His government was endorsed by the two largest political parties, including Berlusconi's. In ending his support for Monti'
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